The pension fund ISP (Pension Fund for the Danish Society of Engineers) has entered into a new agreement with Keylane, which has been the supplier of ISP’s policy administration solution since 2010. ISP will upgrade to the latest version of the standard solution, Schantz Life, developed to meet future digital requirements.
ISP’s digitisation will enable its members to follow their pension schemes closely and help them make important decisions based on informed choices.
ISP has entered into a new agreement with Keylane (former Schantz) as of January 2018 and will upgrade to the latest version of the standard policy administration solution Schantz Life during the coming years which on the short-term will increase IT costs.
On the other hand, the new agreement ensures that ISP will be ahead of the digital development going forward – for the benefit of ISP’s members.
The Danish pension funds DIP (Pension Fund for Engineers) and JOP (Pension Fund for Lawyers and Economists) are also upgrading to the latest version of Schantz Life, hence the agreement with Keylane is linked to a declaration of intent of a merger between DIP/JOP and ISP.
For further information about ISP visit www.isp.dk or contact CEO Karin Elbæk Nielsen, ISP.
Keylane is delighted about ISP’s decision and is looking forward to the continuation of our close co-operation with ISP.
ISP –Pension Fund for the Danish Society of Engineers – was established in 1958 and is a member-owned pension fund, which means that its members can participate in all decision-making. The members consist of both private and public service engineers, and today it is also possible to issue pension schemes for employees in companies with engineers or similar educational backgrounds.